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Headlines > Markets

Consumers seek Ramadan bargains as UAE ups subsidies

Saudi, UAE and Egyptian shoppers are prepared to switch brands for a bargain even as they increase their food spend during Ramadan—a time when the UAE Ministry of Economy pays...

Sector to grow 40% by 2020

The world’s unquenchable thirst for energy drinks

Global sales of energy drinks hit €38.2 billion last year and will be worth €53.4bn in 2020 according to Euromonitor International, even as regulatory winds blow ill beneath the sector's wings. 

Confectionery accounts for 1% of food with sustainable palm oil label

Confectionery products account for 1% of total packaged food that carries a sustainable palm oil label, according to new ethical labels data from Euromonitor.

‘There’s an opportunity to broaden the appeal of energy drinks’: Thailand’s Carabao on potential of UK market

Asian energy drink Carabao has launched in the UK, and while it admits it’s a competitive market, it still sees significant untapped potential beyond the niche categories of ‘lads, high-octane...

Meat demand rises in Myanmar

Meat consumption in Myanmar has grown due to an influx of tourists and investment, while a limited manufacturing base presents new opportunities for international suppliers.

Pakistan cuts duty for meat industry equipment

The Pakistan government has reduced custom duty on machinery imports used in the livestock and meat industry from 5% to 2% to encourage investment in the meat industry.

This week Down Under

Nescafé sales drop as smaller brands and coffee joints gain favour

The proportion of Australians buying instant coffee has declined over the last five years, while fresh coffee sales have increased, market research has found. 

Changing supply chain

Interconnected diets: Two thirds of crops we consume are result of ‘food globalisation’

'Foreign' crops dominate national food consumption patterns and farming practices, according to new research that finds nearly 70% of fruit, vegetables, legumes and grains in an average country's diet originate...

Japanese consumption, Chinese growth spur global demand for probiotics

Probiotics manufacturers are increasingly witnessing the rising importance of Asia-Pacific as growing awareness of the health benefits of “good” bacteria continue to drive global growth.

Philippine halal law to drive meat export growth

Outgoing Philippine President Benigno Aquino has signed into law a consolidated measure on halal exports, which may help boost the country’s meat exporters in the Middle East.

‘Major surge’ in US and China wheat stocks predicted by FAO

US wheat stocks are set to grow, according to new forecasts from the United Nations Food & Agriculture Organization (FAO).

Sparkling future for Iranian soft drinks, if economy holds

After several years of hardship the Iranian soft drink sector is heading back towards stronger growth – but remains under threat from economic uncertainty, according to a Euromonitor report.

Perspectives on Africa and Asia: Understanding these growing beer markets

Both Africa and Asia offer opportunities for beer brands: but neither market can be tackled with a ‘one size fits all’ approach.  

Myanmar’s fast-food industry attracts US attention as sanctions ease

US fast-food firms could flood into Myanmar after the easing of US-imposed sanctions to improve bilateral trade and allow more financial transactions to take place.

News in brief

Work needed to improve Australia's beef pricing

Meat & Livestock Australia (MLA) has recognised that more work needs to be done to improve price transparency in the beef sector. 

Indian brands give multinationals a run for their money

Homegrown brands dominated over their foreign counterparts in India’s fast-growing Rs2.5tr (US$38.2bn) packaged food market last year. 

China direct

China displaces America as world’s most attractive food export market

China is now the most attractive export market for food and beverage companies, according to an analysis by Deloitte and a Spanish business school that assesses destinations with the best...

Asia-Pacific nations lead in growth of ethical labels market

China, the United Arab Emirates and Australia are expected to be the fastest-growing vegan markets between 2015 and 2020, according to data from Euromonitor International’s newly launched ethical labels database.

Call for EU action plan as firms shirk responsibility on soy

The EU needs a deforestation action plan after a World Wide Fund for Nature (WWF) analysis of the bloc’s largest food companies showed many are using consumer ignorance to dodge...

Halal labelling expected to grow

The prevalence of halal labelling is expected to grow by a quarter between now and 2020, according to market research firm Euromonitor International. 

Japanese wine drinkers are becoming more adventurous: report

Wine drinkers in Japan are becoming more adventurous and showing an increased interested in wine, according to Wine Intelligence. And, in fact, the country is rated as one of the...

Fonterra forecasts higher milk price

New Zealand dairy cooperative Fonterra has announced an opening forecast Farmgate Milk Price of NZ$4.25 ($2.86) per kgMS for the 2016/17 season, an increase of NZ$0.35 ($0.24) on the forecast...

Yogurt market can hit $1bn by 2021 in India: Report

International dairy companies can tap in to a growing demand for yogurt in India, according to a recently-published report by TechSci Research.

News in brief

Kiwi whole milk powder prices buoyed by reduced Chinese stocks

New Zealand whole milk powder prices increased by 7% in May over the corresponding period last year, driven by decreased supply and increased export demand from China. 

Marketing sustainable soy: 'Invisible but important' or loud and proud?

By the end of 2017 one third of soy imported into Europe will be certified, says the Roundtable on Responsible Soy, but will consumers know it?

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